Quarterly ResultMay 22, 2026, 08:37 AM

Park National Q1 Adj. Net Income $53.5M; Assets $13.0B Post-Acquisition

AI Summary

Park National Corporation reported adjusted net income of $53.5 million for Q1 2026, up from $47.5 million in Q4 2025. The company's total assets grew to $13.0 billion as of March 31, 2026, following the acquisition of First Citizens Bancshares, Inc. on February 1, 2026. Key profitability metrics included an adjusted return on average assets of 1.83% and an adjusted return on average tangible common equity of 16.21%. The company also maintained robust capital ratios and strong asset quality.

Key Highlights

Adjusted net income for Q1 2026 was $53.5 million, up from $47.5 million in Q4 2025.
Total assets reached $13.0 billion as of March 31, 2026, driven by the First Citizens acquisition.
Total loans grew to $9.67 billion and total deposits to $11.0 billion as of March 31, 2026.
Adjusted return on average assets was 1.83% and adjusted return on average tangible common equity was 16.21% for Q1 2026.
Net interest margin was 4.76% and non-interest income represented over 21% of operating revenue for Q1 2026.
Common Equity Tier 1 (CET1) ratio stood at a strong 13.5% as of March 31, 2026.
Allowance for credit losses was 1.12% of total loans, with non-performing assets at 0.81% of total assets.
Non-interest bearing deposits constituted 28% of total deposits, supporting a low-cost funding profile.

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PRK

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PARK NATIONAL CORP /OH/

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